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the victims, they will put them on tv and say you got to give us the hundred and that brings me to a second point. if we are going to give, it will probably be well over $50 billion, why not have a policy when we have a crisis like this, and a natural emergency, cut other government programs c do we always have this unlimited credit card to increase the amount of the debt? that is why it gets to the point where geithner's proposal to wipe away the debt ceiling altogether is such a dangerous idea. it is like giving congress unlimited credit card where they can borrow for anything they want to spend money on. >>neil: i asked pennsylvania congressman after sandy, and said we n $12 billion to fema's budget, add it right now, and his part was speaking but i don't think his head was. >>guest: not compared to what happened with katrina. even to this day there are areas of new orleans that have not been cleaned up and $140 billion is a lost money but this is half of that but sandy was half the storm of katrina. i have skepticism this will help the people that we, you have shown on the show, the peo
in taxes. guess what? they raised the taxes and never cut the spending. there is reason for us to be cautious about that. there has to be a way through this. maybe it will take the market starting to send a signal and people taking actions in anticipation of this raising of the taxes. do you know an economist that doesn't believe we will not go into a recession. >>neil: the markets do not lately seem to be too worried. do you think no deal is better than a bad deal? >>guest: the only thing we can do is to make a deal. i think the american people deserve it. if we don't get it, i really worry about the country. i do worry. i am in discussions with people about this nuclear option. i am in discussions with people about the immigration reform issue. we could have discussions about this. i don't think the democrats want this to go over the cliff. not the majority of them. i pray not. >>neil: one seems to be tempting the other. >>guest: it is a game of chicken. i don't believe it will happen. i don't think anyone wants it to happen. and sequestration is looming as of january 1. in t
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